Kinohold (Bis) SA announces private sale of 180,001 shares to Eddy Duquenne (CEO of Kinepolis) and members of the Bert family
June 07 2022 - 1:00AM
Kinohold (Bis) SA announces private sale of 180,001 shares to Eddy
Duquenne (CEO of Kinepolis) and members of the Bert family
Kinohold (Bis) SA announces private sale of
180,001 shares to Eddy Duquenne (CEO of
Kinepolis) and members of the Bert family
Inside information – Regulatory release
7 June 2022, 7 a.m.
Kinepolis Group NV has been informed that
Kinohold (Bis) SA, the investment vehicle ultimately economically
owned1 by four members of the Bert family2, has transferred, by
means of a private sale, 180,001 existing common Kinepolis shares
or c. 0.66% of the current outstanding share capital. Kinepolis has
not received any proceeds from this private placement. Kinohold has
sold the shares at the request of Geert and Koenraad Bert.
In order to reaffirm their belief in the future
and growth strategy of Kinepolis and ensure a stable shareholding,
Eddy Duquenne, Kinepolis’ CEO, has acquired 100,000 of the shares
and 80,001 of the shares have been reallocated between the members
of the Bert family3.
Following a series of transactions between the
family members designed to allocate the sale proceeds of the
180,001 shares to Geert and Koenraad Bert and after implementation
of the contemplated recertification of the 80,001 shares in STAK
Kinohold, Kinohold will continue to hold 46.04% of the shares in
Kinepolis.4 Kinohold will also retain the voting rights of the
100,000 shares sold to the CEO for the next four years pursuant to
the agreed terms of sale.
Contact
Kinepolis Press
Office Kinepolis
Investor Relations+32 (0)9 241 00 16
+32
(0)9 241 00 22pressoffice@kinepolis.com
investor-relations@kinepolis.com
About Kinepolis
Kinepolis Group NV was formed in 1997 as a result of the merger
of two family-run cinema groups and was listed on the stock
exchange in 1998. Kinepolis offers an innovative cinema concept
which serves as a pioneering model within the industry. In addition
to its cinema business, the Group is also active in film
distribution, event organization, screen publicity and property
management.
In Europe, Kinepolis Group NV has 58 cinemas spread across
Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland
and Poland. Since the acquisition of Canadian movie theatre group
Landmark Cinemas and American movie theatre group MJR Digital
Cinemas, Kinepolis also operates 40 cinemas in Canada and 10 in the
US.
In total, Kinepolis Group currently operates 108 cinemas
worldwide, with a total of 1,097 screens and almost 200,000 seats.
Kinepolis’ employees are all committed to giving millions of
visitors an unforgettable movie experience. More information on
www.kinepolis.com/corporate.
1 Through STAK Kinohold, the family holding
structure.2 Joost Bert (through Pentascoop NV), Peter Bert (through
Adorea BV), Koenraad Bert (through Movieking BV) and Geert Bert
(through Cine Light BV).3 Based on the valuation rules provided for
in the constitutive documents of STAK Kinohold, which include a
material discount to an average reference market price and are
adjusted to take into account the size and nature of the
transaction.4 Sale of 180,001 shares Kinepolis between Kinohold and
Pentascoop NV, Adorea BV and Movieking BV, followed by (i) the sale
of 100,000 shares Kinepolis to DDN Invest Comm. V., (ii) a
recertification in STAK Kinohold of the 80,001 shares Kinepolis,
and (iii) a reorganisation of the certificates at the level of STAK
Kinohold, so that Cine Light BV and Movieking BV ultimately receive
the net sale proceeds.
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